The price of bitcoin skyrockets to $83,500: have professional traders turned bullish?
BTC traders remain cautious, waiting for the trend change in U.S. stocks to boost investor optimism in cryptocurrencies. U.S. stocks and the cryptocurrency market changed drastically on April 9 after U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs, except for China. The price of Bitcoin responded with a 5% increase in less than an hour, recovering the $83,000 level, which was last seen on April 6.
Justin Sun, founder of TRON and a key figure in the Web3 ecosystem, has accused First Digital Trust (FDT), the issuer of the FDUSD stablecoin, of mismanaging nearly $500 million in user assets. According to Sun, this act of financial misconduct could even surpass the infamous collapse of FTX in terms of recklessness and damage. Sun's allegations focus on an unauthorized transfer of $456 million in user funds to a third party based in Dubai. He claims that the transfer was made without user approval and without safeguards, highlighting a disturbing lack of internal control mechanisms. Unlike FTX, which at least maintained the illusion of structure through secured loans, the alleged actions of FDT appear completely unregulated and opaque.
The price of BNB rises as buying volume increases and the CME gap looms.
The price of Binance Coin (BNB) has shown signs of a possible rise. A significant increase in trading volumes confirms it. The price movement towards key levels makes analysts attentive to a possible breakout or continuation of its current trend. A CME gap above the current price of Binance Coin suggests a price action trend to fill such gaps. Historically, this pattern has been repeatedly observed in market behavior.
Bitcoin on the Rise: Can the US-China Trade War Fuel Its Biggest Rally?
Bitcoin could consolidate its position as the biggest beneficiary of the escalating tariffs between the United States and China. As the two nations escalate their trade war, investors are desperately seeking alternatives to protect their assets from the volatility of the traditional financial system. And that's where the king of cryptocurrencies comes in. Arthur Hayes, co-founder of BitMEX and a key figure in the crypto world, warns that a decisive move by the People's Bank of China (PBOC)—in the form of a yuan devaluation—could trigger a new wave of Bitcoin adoption, especially among Chinese investors. According to his analysis, there are solid precedents to support this hypothesis: in 2013 and 2015, similar events triggered demand for BTC, driven by investors' need to protect themselves against currency depreciation.
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The price of ETH fell to $1,400, but data shows that professionals are still not ready to abandon ship.
The price of Ether fell to $1,410 on April 7, 2025, marking its lowest level since March 2023. This sharp drop triggered liquidations of leveraged ETH futures exceeding $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark while the S&P 500 index reclaimed its psychological support level of 5,000.
Is Bitcoin acting like tech stocks? BTC/USD could still reach $200k
Bitcoin traded like a tech stock after Trump's new tariffs shook global markets, BTC fell 5.5% along with the 5.9% drop in Nasdaq. This is not the first time Bitcoin has reacted this way. So, of course, the question is: Why is Bitcoin acting like tech stocks?
The founder of Barstool Sports, Dave Portnoy, asked what many traders are thinking: If Bitcoin is supposed to be independent of the dollar, why does it move with the stock market?
Bitswapix is an emerging decentralized finance (DeFi) platform and has announced a series of significant developments that underline its commitment to security, transparency, and long-term growth.
BitSwapix has secured a strategic investment from a consortium of institutional investors in Abu Dhabi. This funding will be instrumental in advancing the platform's development, including infrastructure improvements, market expansion, and the introduction of innovative features aimed at enhancing user experience.